Zambal Spain Socimi Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	20.54	27.15	25.77	25.44	37.91
Depreciation & Amortization	16.61	16.01	14.46	14.68	14.78
Asset Writedown	3.01	-	-	-	-
Income (Loss) on Equity Investments	-0.58	-	-	-	-
Change in Accounts Receivable	-0.28	0.05	2.92	0.49	1.15
Change in Other Net Operating Assets	2.23	-7.43	7.02	-0.47	2.26
Other Operating Activities	-1.45	2.85	0.04	-0.57	0.57
Operating Cash Flow	40.08	38.64	50.22	39.57	56.67
Operating Cash Flow Growth	3.74%	-23.06%	26.91%	-30.18%	24.62%
Acquisition of Real Estate Assets	-52.28	-8.55	-80.96	-12.33	-2.17
Sale of Real Estate Assets	-	-	-	-	0
Net Sale / Acq. of Real Estate Assets	-52.28	-8.55	-80.96	-12.33	-2.17
Cash Acquisition	2.99	-	1.49	-	-
Investment in Marketable & Equity Securities	-14.03	-	-	-	0.98
Investing Cash Flow	-63.32	-8.55	-79.47	-12.33	-1.19
Short-Term Debt Issued	-	-	-	-	50
Long-Term Debt Issued	103	-	20.5	-	-
Total Debt Issued	103	-	20.5	-	50
Short-Term Debt Repaid	-	-	-	-	-50
Long-Term Debt Repaid	-	-3.05	-	-	-
Total Debt Repaid	-	-3.05	-	-	-50
Net Debt Issued (Repaid)	103	-3.05	20.5	-	-
Issuance of Common Stock	0	-	-	-	-
Repurchase of Common Stock	-	-0.06	-	-0.03	-0.04
Common Dividends Paid	-24.31	-23.14	-22.89	-34.12	-27.87
Other Financing Activities	0.01	0.53	-	-	0.01
Miscellaneous Cash Flow Adjustments	-	-	-	-	1.14
Net Cash Flow	55.47	4.37	-31.65	-6.91	28.71
Cash Interest Paid	6.13	0.05	2.28	2.36	0.43
Cash Income Tax Paid	0.11	-	-	-	-
Levered Free Cash Flow	21.82	26	38.84	28.97	33.01
Unlevered Free Cash Flow	24.62	27.83	40.28	30.07	33.65
Change in Working Capital	1.95	-7.38	9.95	0.02	3.41